United States Power Equipment Market Size & Forecast 2025–2033
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The U.S. Power Equipment Market is projected to grow from US$ 8.96 Billion in 2024 to US$ 13.85 Billion by 2033, advancing at a CAGR of 4.96%. Growth is driven by infrastructure expansion, renewable energy adoption, and rising residential demand for reliable power solutions.
Market Outlook
Power equipment—ranging from generators, cables, transformers, and solar panels to heavy-duty construction and residential tools—remains vital across construction, energy, residential, and industrial sectors. Extreme weather events, smart city projects, and digital lifestyles are further boosting adoption.
Key Growth Drivers
Infrastructure Boom – $568B in IIJA funding fueling demand for generators, cables & compressors.
Renewable Shift – Solar & hydro integration driving inverter, turbine, and storage system sales.
Residential Backup – Homeowners investing in generators & solar storage amid outages.
Challenges
High upfront & maintenance costs limiting small-scale adoption.
Supply chain risks & regulatory shifts impacting pricing and design cycles.
Regional Highlights
California – Strong solar & backup system demand due to wildfires & outages.
New York – Smart grid & backup solutions driving urban growth.
Washington – Hydropower focus & grid modernization shaping demand.
Major Players
GE, Siemens, Schneider Electric, Mitsubishi Electric, Eaton, Honeywell, BHEL, Rockwell Automation.
Conclusion
With infrastructure projects, renewable integration, and backup power needs, the U.S. Power Equipment Market is set for steady growth, though high costs and supply chain issues remain barriers.
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